Dow Closes Up 160 Points As EBay Shares Tank After Hours on Disappointing Profit Forecast


 
 
08:22 10/18/2017

Here are some plays to keep on your watch list for Thursday



Shares of eBay Inc. EBAY  tanked below its 50 day moving average after a disappointing Q4 profit forecast. This doesn’t bode well for the stock come opening bell on Thursday. eBay Inc. operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company’s Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms



Proposed public offering of Ocean Power Technologies, Inc.OPTT  common stock saw the stock tank 26% after hours . Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Australia, and Asia. It offers PowerBuoy system that is designed to generate power for use independent of the power grid in remote offshore locations.



Great chart and record financial results for the Limelight Networks, Inc. LLNW  third quarter has its shares trading up over $5 after hours. This will be a good play to get on your watch list for Thursday opening bell. The Arizona based company provides content delivery network services to deliver digital content over the Internet in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers the Orchestrate Platform, a suite of integrated services, which include content delivery services, mobile delivery services, video content management services, performance services for Website and Web application acceleration and security, cloud storage services for various devices, and cloud-based content security services.



After rallying over 20% intraday on surpassing earnings estimates, shares of Cree, Inc. CREE  still closed higher after hours and are on watch for possible continuation on Thursday. Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. Its Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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